The agreements were signed with the witness of Premier Li Keqiang and his Hungarian counterpart Viktor Orban following their talks at the Hungarian National Assembly building.

“These deals mean that China will further increase its investment in Hungary and help to make more job opportunities in the country,” said Premier Li when he and Orban jointly met with the press.

“Such cooperation is also a good opportunity for Chinese companies to learn advanced technology and managing experience from the Hungarian side,” he said.

According to Premier Li, Hungary is the biggest investment destination of China in Central and Eastern Europe (CEE) with China’s current investment accounting for one third of its total investment in CEE.

China’s current investment in Hungary has reached $4.1 billion, creating about 10,000 local jobs.

Statistics from the Ministry of Commerce show that the trade volume between China and Hungary increased by 10 percent year-on-year in 2016, while China’s import from Hungary increased by 20 percent.

Premier Li said that Chinese consumers hope to see more diversified products especially good-quality agricultural produce from Hungary.

Premier Li arrived on Nov 26 in Budapest for an official visit and the sixth meeting of heads of government of China and 16 Central and Eastern European Countries (CEEC). He will depart for Russia on Nov 29 for the 16th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization from Nov 30 to Dec 1.